Boston, MA 06/06/2013 (wallstreetpr) – The prices of American Depository Shares of VisionChina Media Inc ADR (NASDAQ:VISN) had surged by 7.89 percent to close at $2.46 per ADR for the last trading session on Wednesday, with the company expected to report its first quarter results in a week. The ADRs of the company had been trading in the range of $2.25 to $2.58 per ADR during the day. The American Depository Shares of VisionChina Media Inc ADR (NASDAQ:VISN) had recorded 52 week low price level of $2.00 per ADR and 52 week high price level of $21.40 per ADR .
VisionChina Media Inc ADR (NASDAQ:VISN) provides for out of home advertising networks using real time mobile digital television broadcasts. The company through its broadcasts provides for delivering content and advertising on mass transportation systems in China based on the number of displays. The digital television displays of VisionChina Media Inc ADR (NASDAQ:VISN) through the advertising network are broadcast in buses, local trains and subway platforms.
VisionChina Media Inc ADR (NASDAQ:VISN) had announced that it would be releasing its financial results for the first quarter that ended on March 31, 2013 after the market closes on June 13, 2013. The ADRs of VisionChina Media Inc ADR (NASDAQ:VISN) had been trading in heavy volumes at 26,926 shares on Wednesday, while the average trading volume is at 12,520 per day.
VisionChina Media Inc ADR (NASDAQ:VISN) presently holds 5.07 million shares outstanding in the market with an institutional ownership of 37 percent of its holdings.
